Private Advisor Group LLC reduced its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 36.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,643 shares of the bank’s stock after selling 4,429 shares during the period. Private Advisor Group LLC’s holdings in Citizens Financial Group were worth $227,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Citizens Financial Group by 28.6% during the 3rd quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock valued at $112,917,000 after acquiring an additional 650,344 shares in the last quarter. Hotaling Investment Management LLC bought a new stake in Citizens Financial Group in the fourth quarter worth $1,997,000. HRT Financial LLC bought a new stake in Citizens Financial Group in the third quarter worth $1,343,000. AXA boosted its holdings in Citizens Financial Group by 20.5% in the third quarter. AXA now owns 167,777 shares of the bank’s stock worth $6,471,000 after purchasing an additional 28,600 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Citizens Financial Group by 9.7% in the third quarter. Schroder Investment Management Group now owns 2,264,532 shares of the bank’s stock worth $87,343,000 after purchasing an additional 200,894 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

CFG stock opened at $35.87 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.98. Citizens Financial Group Inc has a 52-week low of $27.62 and a 52-week high of $45.65. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.54 and a beta of 1.44.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.04. Citizens Financial Group had a net margin of 23.20% and a return on equity of 8.67%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Citizens Financial Group Inc will post 3.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, January 31st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.57%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, January 30th. Citizens Financial Group’s dividend payout ratio is 35.96%.

A number of equities research analysts recently issued reports on CFG shares. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, November 19th. Macquarie upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 27th. Credit Suisse Group decreased their price objective on shares of Citizens Financial Group from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, December 7th. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, December 11th. Finally, Royal Bank of Canada upgraded shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.91.

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About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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